How Much Is Your Time Worth To You?

Really... Think about this question for a minute...

If you work a minimum wage job, you may consider your time worth at least $7.25 an hour.

As a professional in the corporate world, you might value your time at $50 an hour. ($104,000 per year for those who are not good with math)



If you work online part-time, while maintaining a job, some of you will say that your time online should be worth as much as it is on your job.... But you would be an exception to what most people think.

Most people, who work a job and try to make money online, consider the time spent online to be worth only a couple dollars an hour, since they are not actually making money online.



Let me reframe this conversation again...

If I can save you 3-4 hours of hard work, how much would that be worth to you?

If you value your time online at $2 an hour, then my saving you 3 hours should be worth at least $6 to you.

If you value your time at $7.25 an hour, then the 3 hours I saved you should be worth at least $21.75 to you.

If you value your time at $50 an hour, then I will have saved you $150.

Ironically, this is how business professionals determine if a particular service is worth their money or not.



When I got started with my first online business, I made loads of money saving people 3 hours of their time!!

I provided a service for $25 that would take my customers 3 hours to do themselves. Most considered that a fair trade of money for value.

Because I was a professional who did that particular task all day and every day, I was able to code a software solution that enabled me to reduce my time on each task from 3 hours to 30 minutes.

Even though I could do the job six-times faster than my clients could do the job on their own, people still considered the service I offered a great value.

And I was able to make roughly $50 an hour for the time I spent working.

Are you starting to see how this works?

My customers were exchanging their money for my time, and I was charging them the equivalent of the what their time would have been worth if they calculated their personal time as being worth only minimum wage.



Now let me jump this story one step further.

If I can do 10 hours of research to create a product that it would have taken you 10 hours to create for yourself, then how much would that product be worth to you?

Do you need a reminder? How much is your time worth to you?

Multiply 10 hours by the value you place on your time. How much is that?

It does not matter if all of the information I provide in "my product can be found online using the search engines."

You have a choice -- you can spend 10 hours of your time to do the research yourself, or you can pay me the measly amount of money I request from you, so that I can do the work on your behalf.

Are you following along?

If I can save you 10, 20 or even 120 hours of your time, how much should my product be worth to you? $7, $17, $27, $47 or $1200?



I have one product that I have a $49 price on it, and it consists of what I learned about the particular niche over 8 years!!

Is that an equitable trade of money for time?

I have another product that was created doing about 20 hours of research, combined with what I had learned over several years, and I spent a total of 48 hours putting the product together.

If you had created that product on your own, you would have spent 20 hours of your own time and missed out on those other things that I learned through personal experience.

Can you believe that people begrudged me for charging $39 for that product?








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